DXY (USINDEX) buying from Support Level !!!!Hello traders as we know the DXY has move toward testing a strong support on this retrace after a successful breakout from consolidations mode
bulls are doing great for moving DXY more upside so we decided we will enter on buying orders from the given support level on confirmation and
aiming for higher rewards with low risk push like if you like our idea
Usindex
S&P-500 - is megaphone indeed playing out? TVC:SPX went below February highs and broke down key support levels.
If megaphone is indeed playing out, we are just at the very beginning of the move down.
"Buying the dip" might lead to some very negative surprises at the moment, so extra caution is required.
S&P500 updateA continued plunge in tech stocks created massive selling panic. Still looks like profit-taking and market is waiting for a buy back opportunity.
At the moment, we see a retest of the 200SMA and a broken pre-COVID high zone. A reverse pattern on smaller time frames could indicate another push lower.
Fundamentals remain unstable as geopolitical relations continue to deteriorate. US and China are at it again. So far, Trump is not backing down from his comments to cut more economic ties.
Please support the idea and share your thoughts on S&P500!
Good Luck and Stay Healthy!
DOLLAR INDEX/ US INDEXWITH THE RALLY OF ANY NATION STOCK MARKETS, ITS TENDS TO DIFFER FROM ITS CURRENCIES PERFORMANCE.
WE HAVE SEEN THIS WITH THE US,STOCK MARKET AND THE DOLLAR INDEX. THAT BEING SAID WITH THE RECENT BEARISH DOLLAR TREND, I HAVE HIGHLIGHTED OUT MY AREAS OF SUPPLY. TO HOPEFULLY CATCH THE LAST DROPS OF THIS MONTH.
DXYMy view on DXY (us dollar index) we have entered the buy as there possibilty for turning piont at this area, with keeping in mind there can be more to down side as shown on chart,
always plan your trade before enter any trade
Trade with care !
Regards, Ali Dib
The Chart Trader
check the attached chart for dxy at the bottom to see how we been able to forecast this pair from two years with high accuracy
US INDEX STILL UNDER PRESSURE ( BEARISH LEAD )price almost reach support level also we have another monthly up trend support line at the same level of support area
we expect retest the resistance area before drop down to support levels and cross the monthly uptrend
as shown on the chart
note \ just we will wait to see Monday reaction on the market